NORMAL SITUATION

GrowForce

Financial year 2022 · closed on 31/12/2022
Net result
181,9 k €
-25.8% YoY
Gross margin
504,9 k €
-14.6% YoY
Equity
427,3 k €
+74.1% YoY
Workforce
4,2 ETP
-35.4% YoY

Company — Normal situation.

What does GrowForce do?

GrowForce is a company registered in Belgium. It employs on average 4,2 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0723.745.506
Legal form
Private limited company
Contributed capital
111 600,00 €
Latest accounts
31/12/2022
Average workforce
4,2 ETP
Joint committees (1)
  • 200
Signals
ProfitableSolid equityGood liquidityPositive cashflowPositive EBITDAHealthy social debts
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 4 financial years

2022202120202019
Income statement
Gross margin504,9 k €591,2 k €233,9 k €43,7 k €
EBITDA250,8 k €347 k €145,9 k €42,8 k €
Operating result257,1 k €338,4 k €145,9 k €36,6 k €
Net result181,9 k €245 k €112,1 k €28,5 k €
Balance sheet
Equity427,3 k €245,4 k €194,8 k €64,7 k €
Total assets709,4 k €922,5 k €472,1 k €192,4 k €
Cash221,9 k €479,3 k €68 k €74,5 k €
Debts282,1 k €633,9 k €252,1 k €122,7 k €
Other
Workforce4,2 ETP6,5 ETP2,5 ETP
Governance

Board of directors

Seen on filing of 31/12/2022 · 3 active · 7 ended

Active mandates

Augmenta Consulting

Director · since 05 novembre 2021 · 0727.471.195

Represented by Dennis De Cat

Active
Consudel

Director · since 05 novembre 2021 · 0556.941.534

Represented by Gregory Delens

Active
Growth AT

Director · since 05 novembre 2021 · 0741.531.247

Represented by Amaury Timmermans

Active

Ended mandates

Augmenta Consulting

Director · 0727.471.195

Represented by Dennis De Cat

Ended
Consudel

Director · 0556.941.534

Represented by Gregory Delens

Ended
Growth AT

Director · 0741.531.247

Represented by Amaury Timmermans

Ended
Growth AT

Director · 0741.531.247

Represented by Amaury Timmermans

Ended
Annual accounts

Full financial information

2022202120202019
Type of accountAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202201/01/202101/01/202028/03/2019
Closing of the financial year31/12/202231/12/202131/12/202031/12/2019
Length of the financial year12 months12 months12 months10 months
Filing date28/12/202301/08/202230/09/202117/09/2020
General meeting07/07/202330/06/202230/06/202102/06/2020
Currency of the financial yearEUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

6 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged modelCorrection31/12/202207/07/202328/12/2023DutchPDF
Abridged model31/12/202207/07/202318/07/2023DutchPDF
Abridged model31/12/202130/06/202201/08/2022DutchPDF
Abridged modelCorrection31/12/202030/06/202130/09/2021DutchPDF
Abridged model31/12/202001/06/202130/08/2021DutchPDF
Abridged model31/12/201902/06/202017/09/2020DutchPDF
Estimate

Indicative valuation

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan
Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2022 · 3 active · 7 ended

Active mandates

Augmenta Consulting

Director · since 05 novembre 2021 · 0727.471.195

Represented by Dennis De Cat

Active
Consudel

Director · since 05 novembre 2021 · 0556.941.534

Represented by Gregory Delens

Active
Growth AT

Director · since 05 novembre 2021 · 0741.531.247

Represented by Amaury Timmermans

Active

Ended mandates

Augmenta Consulting

Director · 0727.471.195

Represented by Dennis De Cat

Ended
Consudel

Director · 0556.941.534

Represented by Gregory Delens

Ended
Growth AT

Director · 0741.531.247

Represented by Amaury Timmermans

Ended
Growth AT

Director · 0741.531.247

Represented by Amaury Timmermans

Ended
Shareholders

Ownership and network

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Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 2022
    Annual accounts 2022181,9 k €
  2. 2021
    Annual accounts 2021245 k €
  3. 2020
    Annual accounts 2020112,1 k €
  4. 2019
    Annual accounts 201928,5 k €